LNG

June 3 (LNGJ) - Japanese energy company JX Nippon Oil & Energy Corp. has agreed to sell to Norway’s Statoil its 45 percent equity share and operatorship of the UK licence for the Utgard natural gas field in the North Sea. The transaction gives Statoil 100 percent ownership. Utgard, previously known as Alfa Sentral, is a gas and condensate field spanning the UK-Norway median line. It is planned to be developed as a tie-back to existing infrastructure on the Norwegian Continental Shelf for the Sleipner gas field, located about 250 kilometres (160 miles) west of the Norwegian port of Stavanger and which Statoil operates.